Gildan Activewear which can be found using ticker (GIL) have now 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 41 and 31 with the average target price sitting at $37.22. Given that the stocks previous close was at $32.55 and the analysts are correct then we can expect a percentage increase in value of 14.3%. The 50 day MA is $31.71 and the 200 day MA is $30.14. The total market capitalization for the company now stands at $5,714m. Visit the company website at: https://gildancorp.com
The potential market cap would be $6,534m based on the market consensus.
Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks under the Gildan, Under Armour, GoldToe, PowerSox, Signature Gold by Goldtoe, Peds, MediPeds, All Pro, and American Apparel brands. In addition, it provides men’s and boys’ underwear products, and ladies panties under the Gildan and Gildan Platinum brands. The company sells its products to wholesale distributors, screen printers, and embellishers, as well as to retailers and lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.
The company has a dividend yield of 2.36% with the ex dividend date set at 13-3-2023 (DMY).
Other points of data to note are a P/E ratio of 10.77, revenue per share of 17.6 and a 12.02% return on assets.
